Schweitzer-Mauduit International completed the acquisition of Scapa for £413m.

Schweitzer-Mauduit International, a diversified producer of engineered solutions and materials for a variety of industries, completed the acquisition of Scapa Group, a diversified healthcare and industrial company, for £413m ($569m). “We are very excited to announce our proposed acquisition of Scapa, which significantly enhances our position as a leading provider of performance materials for attractive specialty applications. Scapa advances our successful valued-added solutions strategy and enhances our ability to solve our customers’ toughest innovation challenges by adding a fully integrated model with complementary capabilities. These offerings range from adhesive formulations and product design through converting finished products. This transaction also enhances our growth profile, with nearly 65% of our combined revenues generated from growing end-markets,” Jeffrey Kramer, SWM CEO. On March 8, 2021 the offer was increased from £403m to £413m. The new offer was declared final.